The new tariff
In the global market demand continues to slump shadow, import export enterprises of domestic copper and copper products have also been "infected." European debt, the fiscal cliff, market demand decline caused by the economic slowdown and other issues, and gradually shifted to the negative impact downstream copper business, dragged down domestic export profits.
Always exports than imports
From January to October this year, total imports of copper reached 562,000 tons, an increase of -14.4%; while total exports 415,000 tons, an increase of 1.4%. Import and export of copper in the trend can be seen in recent years can always be higher than the export and domestic markets for copper import dependence remains high number of copper imports, but the pattern of imports than exports will remain relatively very for a long time.
Research Status
Survey data Saddle Ridge Copper Study Group showed copper, copper and other copper products due to the market decline in exports from continued weakness in profits greatly reduced; copper producer, said high raw material costs plus speed over spending, export profits little. October data showed copper bars, rods and profiles of exports fell by 21 percent and copper fell 25.76 percent, 15.1 percent, copper declined; while exports of a large number of brass also appeared exports decline, 3.43% decrease .
Export or further growth
This month the new tariff upcoming "2013 tariff plan" file that contains the update and adjust import and export duties colored (provisional tax).
Historically the price adjustment is not difficult to find, adjust the relationship between the activities of import and export tax rebates. 2006 Copper (multiple varieties of copper strip, copper rod profiles, copper wire, etc.) of the provisional export tax rate of 0%, 5 percent to 10 percent, significantly affect trade, tax increases copper processing enterprises import and export right, Copper backlog of product margins, to suppress export initiative. In July this year, "export policy on VAT and excise duties for goods and services, the" Cancel copper concentrate export processing combined tax rate of 3%, labor 17% VAT levied significantly reduce the business tax burden, export growth was significantly . In the current weak domestic demand, excess capacity, destocking slowed in this case laid the reduced tariffs on some imports and exports tariff adjustment purposes. The government expects domestic overcapacity more serious products, will cut export tariffs to encourage more enterprises to increase exports, to help absorb excess capacity backlog, reduce the market supply pressure.
Listed copper export duties, copper products export situation will be improved in certain copper prices lower export profits will be improved, copper exports will be further expanded, which will help reduce the gap between imports and exports between copper .
Always exports than imports
From January to October this year, total imports of copper reached 562,000 tons, an increase of -14.4%; while total exports 415,000 tons, an increase of 1.4%. Import and export of copper in the trend can be seen in recent years can always be higher than the export and domestic markets for copper import dependence remains high number of copper imports, but the pattern of imports than exports will remain relatively very for a long time.
Research Status
Survey data Saddle Ridge Copper Study Group showed copper, copper and other copper products due to the market decline in exports from continued weakness in profits greatly reduced; copper producer, said high raw material costs plus speed over spending, export profits little. October data showed copper bars, rods and profiles of exports fell by 21 percent and copper fell 25.76 percent, 15.1 percent, copper declined; while exports of a large number of brass also appeared exports decline, 3.43% decrease .
Export or further growth
This month the new tariff upcoming "2013 tariff plan" file that contains the update and adjust import and export duties colored (provisional tax).
Historically the price adjustment is not difficult to find, adjust the relationship between the activities of import and export tax rebates. 2006 Copper (multiple varieties of copper strip, copper rod profiles, copper wire, etc.) of the provisional export tax rate of 0%, 5 percent to 10 percent, significantly affect trade, tax increases copper processing enterprises import and export right, Copper backlog of product margins, to suppress export initiative. In July this year, "export policy on VAT and excise duties for goods and services, the" Cancel copper concentrate export processing combined tax rate of 3%, labor 17% VAT levied significantly reduce the business tax burden, export growth was significantly . In the current weak domestic demand, excess capacity, destocking slowed in this case laid the reduced tariffs on some imports and exports tariff adjustment purposes. The government expects domestic overcapacity more serious products, will cut export tariffs to encourage more enterprises to increase exports, to help absorb excess capacity backlog, reduce the market supply pressure.
Listed copper export duties, copper products export situation will be improved in certain copper prices lower export profits will be improved, copper exports will be further expanded, which will help reduce the gap between imports and exports between copper .
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